BubblyBurrito
BubblyBurrito

Why is PayTM hitting the 5% upper circuit for the last three days?

Has there been any good news about the company or is it just the operator playing their game with gullible retail investors?

13mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
BubblyHamster
BubblyHamster

I bought the next day the ban was imposed by rbi. Bullish on Vijay because of his persistence and smartness

CosmicPotato
CosmicPotato

I am too, use only Paytm for payments, tickets, etc. But, their super app ambition was based on trust moat, which they lost here. So not sure about the future

BubblyHamster
BubblyHamster

I'm pretty sure they learned the lesson the rbi wanted to teach them. I am very bullish

TwirlyLlama
TwirlyLlama

Tie up with Axis Bank is one of the factors

SillyMochi
SillyMochi

Ad

TwirlyWalrus
TwirlyWalrus

Initial correction was much higher due to uncertainty, but now that they have tied up with Axis bank for QR scan machines and have time till March 15th. So, going up that the current market cap is 24k crores, really less for their business, and they have cash equivalent of 8 to 9k crores. The only thing to understand is how the fasttag and wallet business affect their margin and lending business. But they seriously have to cut down their costs, and management need to improve.

WigglyPenguin
WigglyPenguin

Sentiment

SparklyRaccoon
SparklyRaccoon

No operator can manage stocks with such huge volumes, get out of 'operator is trapping mindset'

CosmicRaccoon
CosmicRaccoon

Some folks trying to pump and dump

FluffyBagel
FluffyBagel

Paytm Bank has tied up with axis bank, and wallet ain't going to stop , allowed by rbi. although it's not a good buy

JazzyNoodle
JazzyNoodle
PayTM13mo

How can the wallet continue?

FluffyBagel
FluffyBagel

it's a different entity whose existence doesn't depend on the Paytm Bank. eg. phone pe doesn't have a bank but does have a wallet.

CosmicLlama
CosmicLlama

lamp that's about to burn out burns brighter. its high time they close this nonsense.
no longer understand why they do what they do

TwirlyWaffle
TwirlyWaffle

Those who bought at 400/500 levels they need an exit right so driving the Upper circuit to trap retail

Discover more
Curated from across
News Discussion
by SquishyWaffleSoftware Engineer

PayTM, 31st Jan

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?